Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Highway 6 Land Opportunity Title is generated by Realmo AI

    16377 Hwy 6, Manvel, TX

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime land for development near Highway 288.

    Type:LAND
    Lot size:
    5.40 Acres
    Added:
    Oct 30, 2024
    Days on Market:
    560
    Last Refresh:
    Apr 5 at 8:32 pm

    Property Features for 16377 Hwy 6

    General Information

    Standard status
    Active
    Lot size
    5.40 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Hoan Le
    Hoan Le

    Listing agent Hoan Le License #0599697

    Listing office CBRE, Inc.

    Listing date Oct 30, 2024

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of CBRE, Inc.

    HighLights

    • Prime land development opportunity
    • Located on Highway 6 near Highway 288
    • Ideally suited for shopping center development
    • Suited for self‑storage development
    • Suited for flex office/light industrial development

    Overview

    This property presents a land development opportunity situated on Highway 6, in close proximity to Highway 288. According to the listing, the site is ideally suited for the development of a shopping center. The property is also suitable for self-storage, flex office, or light industrial development.
    Location Intelligence

    Current Use by Public Records

    AMPM Express Grocery & Convenience Store Bitcoin Depot - Bitcoin ... Atm

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Manvel
    County
    Brazoria
    State
    Texas
    Longitude
    -95.4203
    Latitude
    29.489

    Nearby Similar for Sale

    • $219,500

      Redevelopment Ready Commercial Land

      0.68 acre commercial land ready for redevelopment.
      7234 Bissell Rd, Manvel, TX 77578
      View Details
    • $550,000
      3,584 SF

      Manvel Commercial Building For Sale

      Commercial building in rapidly growing area with multiple opportunities.
      7318 Rodgers Rd, Manvel, TX 77578
      View Details
    • $2,375,000
      3,686 SF

      New McDonald’s NNN Ground Lease

      Corporate guaranteed NNN ground lease with 20-year initial term.
      19706 Morris Ave, Manvel, TX 77578
      View Details
    • $995,000

      Development Opportunity Near Highway 6

      Land for development near Hwy 288 and Hwy 6 intersection.
      7010 Iowa Lane, Manvel, TX 77578
      View Details
    • $1,200,000

      Unrestricted Acreage with Farmhouse Residence

      17 unrestricted acres in Manvel with custom farmhouse residence.
      330 Ridge Rd, Manvel, TX 77578
      View Details
    • $200,000

      Wolfe Airpark Hangar Lots

      Airplane hangar lots in high-growth Manvel, TX.
      000 Lot 65-82 Wolfe Airpark, Manvel, TX 77578
      View Details
    • $1,254,528
      5 SF

      Retail Development Opportunity Near Highway

      5.8 Acres retail development opportunity near Hwy 288 and Hwy 6.
      5523 County Road 48, Manvel, TX 77578
      View Details
    • $575,000

      Commercial Lot in Manvel, TX

      Commercial land for sale in a high-traffic area.
      7810 Masters Road, Manvel, TX 77578
      View Details
    • $225,000

      Expansive Vacant Lot in Manvel

      2.66-acre vacant lot offers peaceful country living.
      10318 County Road 67, Manvel, TX 77578
      View Details
    • Contact for pricing
      8,717 SF

      Prime Corner Retail Location

      High-visibility retail space near Valencia community and Manvel City Center.
      18909 NWQ of Hwy 6 & Bluewater St, Manvel, TX
      View Details
    • $1,000,000

      12.6 Acre Hard Corner Land

      12.6 acre hard corner in SH 288 growth area.
      5434 County Rd 58, Manvel, TX
      View Details
    • $239,580

      Manvel Land with Development Potential

      One-acre lot in booming Manvel, Texas, with HMU zoning.
      Palmetto St, Manvel, TX
      View Details

    FAQs

    What type of property is this?
    Commercial land - Prime land for development near Highway 288.
    Where is this commercial land located?
    The property is located at 16377 Hwy 6 Manvel, TX.
    What is the asking price?
    The asking price for this property is $1,805,472.
    What are key features of this property?
    This property features: Prime land development opportunity; Located on Highway 6 near Highway 288; Ideally suited for shopping center development
    (713) 577-1600 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Hoan Le
    Hoan Le
    Real Estate License ID: 0599697
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    16377 Hwy 6, Manvel, TX
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!